Crafting state policies to encourage innovations in human capital development

Anastasiya Ilyina

doi:10.31893/multirev.2024spe038

Keywords:

professional development

human capital

innovative development

state regulation

public authorities

public service

Abstract

This article explores how government entities impact the development of human capital through innovation and argues for its significance in driving future economic growth. The advancement of human capital through innovation is crucial for enhancing the efficiency and quality of public services, reducing societal inequalities, and promoting sustainable development within a country. In today's rapidly evolving technological landscape, public authorities must adapt to changing circumstances and cultivate a skilled workforce to meet the demands of a competitive job market. The methodology involves analyzing legal documents, academic research, and statistical data from the past five years, comparing different countries to highlight effective strategies and areas needing improvement. The analysis reveals that government intervention plays a vital role in shaping human capital by supporting education, improving skill sets, and fostering environments conducive to creativity and leadership. The article emphasizes the importance of proactive government support for innovative initiatives and calls for reforms within public institutions to maximize their impact on human capital development. Strengthening the government's role in promoting innovation in talent and skills is essential for achieving sustainable economic progress and enhancing the nation's competitiveness on the global stage.
References
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to cite

Ilyina, A. (2024). Crafting state policies to encourage innovations in human capital development. Multidisciplinary Reviews, 7, 2024spe038. https://doi.org/10.31893/multirev.2024spe038

[1] main exporters of Ukraine (2022). Forbes Ukraine. https://forbes.ua/ratings/50-naybilshikh-eksporteriv-ukraini-2022-02032023-12098. Accessed on March 28, 2024.

[2] Boiko, A., Umantsiv, Yu., Cherlenjak, I., Prikhodko, V., & Shkuropadska, D. (2022). Policy measures for economic resilience of Visegrad Group and Ukraine during the pandemic. Problems and Perspectives in Management, 20(2), 71-83. http://surl.li/runmg. Accessed on March 28, 2024.

[3] Chechel, A., Ilyina, A., Orlova, N., Fayvishenko, D., Kulchii, I., & Pidlisna, T. (2020). Human Capital Development in the Process of the Use and Provision of Electronic Services in Ukraine. Proceedings of the 35th International Business Information Management Association Conference (IBIMA) (pp. 1298-1308). April 1-2, 2020, Seville, Spain. https://u.pcloud.link/publink/show?code=kZYbkBkZdeK0fhT0KNuLUbwN2yDLtYJ5JSl7#tpl=publicfoldergrid. Accessed on March 28, 2024.

[4] Daversa, M. C. A., & Farias, A. (2023). Competences Associated to Sustainable Leadership Practices: A Study Carried Out in the Public City Administration of Fazenda Rio Grande, State of Paraná. Revista De Gestão Social E Ambiental, 17(10), e04293. https://doi.org/10.24857/rgsa.v17n10-042

[5] European Innovation Scoreboard (2021). European Commission. https://ec.europa.eu/docsroom/documents/45940. Accessed on March 28, 2024.

[6] European Innovation Scoreboard (2022). European Commission. http://surl.li/runmqht. Accessed on March 28, 2024.

[7] Global Innovation Index (GII) (2022). WIPO. https://www.wipo.int/global_innovation_index/en/. Accessed on March 28, 2024.

[8] Holovnia, Y., Kotsiurubenko, G., Husiatynskyi, M., Martyniuk, I., Khomutenko, V., & Cheremnova, A. (2019). Methodology for Determining the Factors that Affect the Current State of Implementation of Investment Strategies in Public Administration. International Journal of Engineering and Advanced Technology, 8(6), 4484-4487. http://doi.org/10.35940/ijeat.F8996.088619

[9] Moreira, D. A. A., & Rodrigues, D. M. (2023). Management by Skills as a Strategic tool to Maintain Organizational Sustainability. Revista De Gestão Social E Ambiental, 17(9). https://doi.org/10.24857/rgsa.v17n9-022

[10] Pestoff, V. (2019). Co-Production and Public Service Management: Citizenship, Governance and Public Services Management. 1st Edition. New York: Routledge. https://www.google.com.ua/books/edition/Co_Production_and_Public_Service_Managem/EmFoDwAAQBAJ?hl=uk&gbpv=1&dq=Public+Service&printsec=frontcover. Accessed on March 28, 2024.

[11] Prodius, O., Nechyporuk, L., Stoliar, O., Ilyina, A., & Stoyanov, Ph. (2020). International Corporate Strategies and Entrepreneurial Paradigms within the Framework of Global Business Integration. Academy of Entrepreneurship Journal, 26, 4. https://www.abacademies.org/articles/Internationalcorporate-strategies-and-entrepreneurial-paradigms-within-the-framework-of-global-1528-2686-26-4-418.pdf. Accessed on March 28, 2024.

[12] Subhash, R. (2019). Fundamentals of Human Resource Development. Lunawada: RED’SHINE PUBLICATION PVT. LTD. https://www.google.com.ua/books/edition/Fundamentals_of_Human_Resource_Developme/uOiLDwAAQBAJ?hl=uk&gbpv=1&dq=Human+Potential+Human+Capital+2019&printsec=frontcover. Accessed on March 28, 2024.

[13] Supreme Council of Ukraine (2012). The Law of Ukraine “On Professional Development of Employees”, January, 12, No. 4312-VI. https://zakon.rada.gov.ua/laws/show/4312-17#Text. Accessed on March 28, 2024.

[14] Supreme Council of Ukraine (2014). Association Agreement between Ukraine, on the one hand, and the European Union, the European Atomic Energy Community and their member states, on the other hand, March, 21, No. 984_011. https://zakon.rada.gov.ua/laws/show/en/984_011?lang=uk#Text. Accessed on March 28, 2024.

[15] Supreme Council of Ukraine (2015). The Law of Ukraine “On Scientific and Scientific-Technical Activities”, November, 26, No. 848-VIII. https://zakon.rada.gov.ua/laws/show/848-19#Text. Accessed: March 28, 2024.

[16] Supreme Council of Ukraine (2017). The Law of Ukraine “On Education”, September, 05, No. 2145-VIII. https://zakon.rada.gov.ua/laws/show/2145-19#Text. Accessed on March 28, 2024.

[17] Tochilina, Yu. Yu. (2019). The role of human capital in the innovation development of the national economy. Scientific Bulletin of the Uzhgorod National University: Series: International Economic Relations and the World Economy, 26(2), 88-91. https://dspace.uzhnu.edu.ua/jspui/handle/lib/27347. Accessed on March 28, 2024.

[18] Top 10 Most Innovative Countries in the World (2021). Bloomberg. https://worldpopulationreview.com/country-rankings/most-innovative-countries. Accessed on March 28, 2024.

Abstract

References

How to cite